Blao, I think Mcr can cease this buyback whenever they want to.
Don't think they will have another one in the forseeable future regardless of what some shareholders want.
A few posters here including yourself have been keen on this current buyback but as has been said many times before. buybacks do not support a sp, especially when we have economic turmoil in Euro etc.
In fact if you look back you will find the sp was a lot higher just before this buyback started.
Steady as she goes with this stock .
Didn't the sp get close to 40c in the gfc.
Would be a good buy if it gets there again.
I can't see any trigger to get the sp even close to 80c.in the forseeable future.
Blao, I think Mcr can cease this buyback whenever they want...
Add to My Watchlist
What is My Watchlist?